buyers

Updated guide: For our current, in-depth take, read Beyond Interest-Rate Panic: a capital-allocation guide. A client asked me a few days ago, "Are interest rates going to go up? I am afraid I could lose my house". Unfortunately, the 2008 financial crisis still feels very recent, but much misinformation exists. And my answer to him was, "Absolutely not! You are locked in with an amazing rate, and your...

Updated guide: For our current, in-depth take, read Ignoring the headlines on property values. Over the last few weeks, we've heard media reports about inflation finally being under control. But is this real or just a "mirage"?   Let's start by explaining that inflation is the increase in the overall price level of goods and services in an economy over time. It is caused by several factors,...

Updated guide: For our current, in-depth take, read Ignoring the headlines on property values. Over the past few weeks, the real estate market has been undergoing changes due to recent events, like fluctuation in interest rates, demand, and supply, among other external factors. Knowing what to do/think as a buyer or seller is complex, with so much information. If you are in a position to buy or sell,...

Updated guide: For our current, in-depth take, read Ignoring the headlines on property values. But what is changing? The speed at which homes are selling. In the first quarter of this year, we saw homes selling on average in 17 days. A strong seller's market is under 60 days, so 17 days was complete INSANITY!   This fast-paced market was caused mainly because of a very low inventory. We...

Quick answer: First-time buyers succeed by getting financing-clear before they shop, buying on total monthly cost rather than list price, budgeting for closing and reserves, and choosing an agent who protects them through inspection and negotiation. Most first-purchase regret traces to skipping one of these, not to the market. Table of contentsWhy do first-time buyers stumble?Why is pre-approval the real...